FPA working with unis to provide better financial advisory education

The Financial Planning Association (FPA) is seeking universities to work with to create new financial advisory programs that meet educational standards, particularly in Tasmania, South Australia, and Western Australia - the only states not currently offering financial planning degrees or subjects.

New educational standards for advisers were released in April, and since then the Financial Planning Education Council (FPEC) and the FPA have been working together to develop university programs that meet the curriculum. 

Compliance deadlines are January 2019 for new financial advisers, and 2024 for established financial advisers. 

An FPA spokesperson said the response the FPA has received from universities was very positive, and that the FPA was dedicated to working hard to get the states not currently providing this education on board.